Updated Dec 4, 2024
Centerpoint Properties Trust Leases Industrial Asset In Houston Through Stream Realty Partners
2025 Turning Basin Dr, Houston, TX, 7...
Building Size
19,221 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
The Turning Basin Industrial Park in Houston, Texas, recently saw a lease transaction involving a property with a total space of 19,221 square feet. This lease agreement was signed by Atlantic Clothing at 2025 Turning Basin Drive, with Matteson Hamilton and Jeremy Lumbreras representing the landlord, CenterPoint Properties Trust.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 2025 Turning Basin Dr, Houston, TX
- Market: Houston
- Landlord's Rep: Matteson Hamilton (Stream Realty Partners)
- Landlord: Centerpoint Properties Trust
- Square Feet: 19,221
Other recent industrial leases in Houston have included Ordinary Concepts at Fairway Business Park, Green Explosion at Southport Business Park, and Boomtown Coffee also at Fairway Business Park, showcasing a thriving commercial real estate market in the area.
On the Map
Industrial
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Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93